21 Old Highway 28Whitehouse StationNJ08889
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Whitehouse Station at 21 Old Highway 28, Whitehouse Station, NJ, 08889 priced at $354,900 pairs $3,168/mo rent with $638/mo cash flow after a $1,737/mo payment. Total monthly income equals $3,168/mo, and annual cash flow comes to $7,661/yr on $117,649 invested. Return on cash invested is 26.42% in year one, and rental yield stands at 10.71% on a $354,900 basis. Equity gained on principal adds $2,290/yr, and 5% annual appreciation accumulates to $98,052 by year five. Five-year ROI measures 139.01% and total cumulative return in cash reaches $163,540. For financing, Ziffy Mortgage’s DSCR program evaluates $3,168/mo property income against a $1,737/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1927
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08889, Whitehouse Station, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,049 (100%) |
| Owner Occupied HU | 3,470 (85.7%) |
| Renter Occupied HU | 397 ( 9.8%) |
| Vacant Housing Units | 182 ( 4.5%) |
| Median Home Value | $583,944 |
| Average Home Value | $613,106 |
Housing Distribution
Address Breakdown
Residential
4,245
Single Family
4,128
Multi-Family
117
Businesses
280
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Listed by: Diane Neuhaus • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3926847
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.